Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench…
No Section 54F exemption if construction not started within time prescribed. Development charges paid not start of construction-Allahabad HC In…
ITAT lacks power to dismiss appeal without adverting to merits -Allahabad High Court In a recent judgment, the Hon’ble Allahabad…
Deduction us 54B for land purchased in wife’s name disallowed by ITAT following the judgment of Punjab & Haryana High…
Notice us 271(1)(b) on printed format with tick mark without striking off the non applicable clause quashed on the ground…
Trust can not file complaint under the Consumer Protection Act 1986. Supreme Court express its agreement with the National Commission.…
Royalty and fee for technical assistance held revenue expenditure not capital as on termination of agreement all rights of the…
Section 68 additions not applicable to deposits in bank. The bank Pass Book or bank statement are not books of…
System error showing agricultural income in return to AO. Addition made deleted by the ITAT as in the ITR downloaded…
Gross Profit rate can not be same each year. AO could not step into the shoes of businessman to determine…